Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann

تمرين 15

In the revenue process a sale is normally recorded when the goods are shipped by debiting accounts receivable and cost of goods sold, and crediting sales and inventory.
Required:
a. Explain why the purchasing process is not a mirror image of the revenue process.
b. Explain what accommodation is required in the accounting process.